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I do not understand how to find tax rate? Net income? They don't give the tax rate Everybody's Fitness's 2021 income statement is reported below
I do not understand how to find tax rate? Net income?
They don't give the tax rate
Everybody's Fitness's 2021 income statement is reported below (in millions of doll $ $ Everybody's Fitness Income Statement for 2021 (in millions of dollars) Net sales (all credit) Less: Cost of goods sold Gross profits Less: Other operating expenses EBITDA Less: Depreciation and amortization EBIT Less: Interest EBT Less: Taxes Net income $ 885 440 445 215 230 52 178 75 103 ok $ $ ht 3 ences Determine the firm's 2021 tax liability (Enter your answer in dollars not in millions. amount.) Tax liability Determine the firm's 2021 net income (Enter your answer in dollars not in millions amount.) Net income End-of-Chapter 2 Saved 5 Everybody's Fitness's 2021 income statement is reported below (in millions of dollars) 10 points $ Everybody's Fitness Income Statement for 2021 (in millions of dollars) Net sales (all credit) Less: Cost of goods sold Gross profits Less: Other operating expenses EBITDA Less: Depreciation and amortization EBIT Less! Interest 3 8.85 440 445 215 230 52 178 75 103 eBook $ $ Print Less: Taxes Net income $ 0 References Determine the firm's 2021 tax liability. (Enter your answer in dollars not in millions. Round your answer to the nearest dollar amount.) Tax liability Determine the firm's 2021 net income (Enter your answer in dollars not in millions. Round your answer to the nearest dollar amount.) Net Income
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